I’m 24, Software Engineer, have done many random gigs around, assume I got 50L in my account and want to start something (maybe franchise/airbnb anything) to have a decent passive income, side business. I don’t have any debt or anything of similar sort and can take decent risks (don’t want to invest in stocks, can do that later) What would y’all advise?
I will resign and buy a home for 12 lakhs and settle.
“Buy a home for 12 lakhs” Kaha bhai? Tell us the place as well
We are wayyy past mid 2000s
Are you thinking about settling in some village or small city? And what about the other remaining amount? Settling in business or investing in some MF or stocks something?
Start a boring consumer based manufacturing business, one time investment for the machines, but income will be multiplied in one year. If you have experience in mfg, there is nothing better than this. If you don't have, find someone who has and partner with them.
Setup a rental business
I'll just pay off all my loans and be debt free.
Would open a Gym
Build a home earlier. Be it rural home or urban home. Building a house at 50 is not an achievement. Don't get used to government houses. This comfort is so dangerous. Let all your family have good time in your house.
Go home. Don...
I wanted to start doing some business or take any franchise business ! Not passionate about any particular business but seriously looking to diversify my source of income from regular 9-5 jobs ! Since new looking for honest and like mind...
What if I have close to 10 lakhs + in cash. Can I start something in these cities which can at least generate a monthly income of 40/50k for a sustainable long term. If not what’s the capital needed? Please note I don’t have any business...
